Consider the affordable car
Assuming you have just read all of that and still want to buy a car, first it is best to look at buying one that is within the ‘affordable’ range. The Suzuki Swift Hybrid retails at around S$90,000 while the Chery J3 Sedan 1.6 (M) costs less at S$79,000. As far as monthly instalments go, the Chery costs S$786.
Yearly road taxes would come at around S$716 for the Suzuki and S$742 for the Chery. Purchase of either one of these models will come at a COE quota premium of S 42,801.
If you are looking at cars in the mid-range price bracket, you are looking models like the brand-new Mazda 3 Sedan 1.5 Standard (A), retailing at S$93,800 or a Toyota Corolla Altis 1.6 Elegance (A) at S$105,988.
In terms of repayments every month, the Mazda will set you back S$934 while the Toyota is not too far off at S$1055. Annual road taxes would come close to S$682 for the Mazda 3 and S$742 for the Toyota Corolla Altis.
The COE quota for both cars are at S$42,801.
And of course, there are the higher end cars (of which if you can afford, we’re not quite sure why you’re still reading this article!).
Jaguar’s F-Pace 3.0 V6 Supercharged Prestige (A) retails at S$284,999 while BMW’s 7 Series 730i Design Pure Excellence (A) comes at a price of S$410,800.
Instalments come up to S$2432 for the Jaguar and $3505 for the BMW. Both cars have their COE priced at S$49,802.
As far as road taxes go, it would cost around S$1210 for the BMW and S$2380 for the Jaguar.